Readers Question: What policy strategy is good to reduce unemployment in Greece? The Greek economy is experiencing grave problems, with record levels of unemployment. Unemployment in Greece is running at 27.5% – (end of 2013) This unemployment rate is even higher amongst young people. The unemployment is primarily caused by the prolonged recession which has …
Irish national debt – the total amount of Irish government debt. Irish national debt has increased to 117% of GDP in recent years because of a large financial bailout to Irish banks, deep recession which saw a 20% drop in nominal tax revenues, and continued weakness in GDP growth which has made it difficult to …
Definition of National Debt and National debt in the UK – National debt is essentially the total amount the government has borrowed from the private sector Should we worry about UK’s current situation? – Essay on reasons to worry and reasons not to worry Understanding Government debt statistics – History of National Debt – National …
The welfare state typically includes all benefit payments (pensions, unemployment insurance, child benefits, income support e.t.c). The modern UK welfare state was founded in 1948 with the aim of providing ‘cradle to the grave protection’. The intention was that welfare payments would help people through temporary periods of difficulty, such as sickness and unemployment. There …
Just five years after the start of global credit crunch and the UK housing crash, it seems incongruous to be talking about another UK property bubble. It is a paradox that the UK has experienced five long years of recession – the worst decline in living standards in recent times, and yet, property prices still …
Readers Question. The fear of rising interest rate is spooking markets in USA. So is it because of tapering? – Less and less buying of securities. Or the rise of inflation is expected. Or is it the economy picking up? Firstly, it is important to keep markets in perspective. On Jan 24, the U.S. 10-year …
Who is your ‘favourite’ economist, why? It may not be very original, but I would choose the man himself. John M. Keynes. Why? This is more interesting. Keynes was very practical. He saw a real crisis – the great depression, and he sought an effective solution. In looking for solutions he was willing to think …
I have quite a few readers in India, so I’d like to have a brief look at the Indian economy and it’s prospects for the coming year. After spending so much time looking at the (rather depressing) economics of austerity in Europe and UK, it makes a welcome change to look at a developing economy …